The Chinese yuan rose to a fresh record high of 6.4780 against the US dollar in Asian deals on Wednesday. The pair closed yesterday’s trading at 6.4805. The People’s Bank of China set today’s central parity rate for the yuan at a fresh record high of 6.4837 per dollar, compared to Tuesday’s daily reference rate
In early European deals on Wednesday, the Swiss franc strengthened against other major currencies on the back of upbeat domestic retail sales and manufacturing PMI reports. The franc thus recovered from an Asian session’s 6-day low against the euro. Switzerland’s retail turnover grew at a pace of 0.7 percent month-on-month in April, up from 0.4
Tuesday in Asia, the euro climbed against most major currencies on speculation that the European officials will sanction additional assistance for Greece. While a “total” restructuring of Greek debt is not an option, European Union leaders will try to resolve the Greek problem by the end of next month, the head of the euro group
The Australian dollar that surged up to near a 3-week high against the US dollar in early Tuesday Asian deals on the back of a rally in most Asian stocks eased after ratings agency Moody’s placed Japan’s Aa2 government ratings on review for possible downgrade. Meanwhile, the Australian dollar fell to near a 4-month low
The euro continued to rebound versus the dollar on Friday, but eased to a fresh record low against the Swiss franc as trader weighed a flurry of economic news from around the globe. Another round of lackluster readings from the U.S. has renewed expectations that the Federal Reserve will keep interest rates on hold near
